Icici bank trade and forex services dubai
The Bank accepts no liability whatsoever, direct or indirect for non-compliance with the laws of any country other than that of Bahrain. The Bank shall be entitled, in its sole and absolute discretion, to refuse to comply with all or any of the Registered User instructions without assigning any reason. No interest shall be paid in the Current Account.
The Bank has the authority to debit the accounts to recover any amount credited erroneously. Any writ, summons or other process may be served on the Registered User by mailing the same to the Registered User in accordance with the above and shall be deemed to be good service on the Registered User. Payment of the foreign currency by credit card will not be accepted. The indemnities as aforesaid shall continue notwithstanding the termination of the account.
The Registered User will have to provide a unique nick name for each nominated Beneficiary in order to enable the Bank to identify that nominated Beneficiary. The customer shall notify the Bank immediately of any change of address or other information previously provided to the Bank by the customer and deliver to the Bank the relevant documents detailing such changes. We regret the inconvenience caused. The customer shall indemnify the Bank as collecting banker for any loss or damage the Bank may incur or suffer by guaranteeing any endorsement or discharge icici bank trade and forex services dubai a cheque, bill or other instrument presented for collection and such guarantee as given by the Bank shall be deemed to have been given in every case at the customer's express request.
The Registered User also agrees to pay for all costs associated with the recovery of amounts owed to the Bank, including reasonable attorney's fees icici bank trade and forex services dubai court fees. Any writ, summons or other process may be served on the customer by mailing the same to the customer in accordance with the above and shall be deemed to be good service on the customer. In the event of war, revolution, insurrection, military disturbances, riot, civil commotion or other similar action, strike, lockout, stoppage or restraint of labour, seizure or icici bank trade and forex services dubai of currency or other assets or other governmental action, any imposition of currency exchange control by any government, any act of God, any event outside the control of the Bank, or any implementation of any laws, by-laws, restrictions, regulations, orders or directives imposed by any authority, regulatory body or government, whether or not having the force of law, which in the Bank's opinion hinders or prevents the performance by the Bank of its obligations under the Agreement whether of delivery or payment or otherwise or any Contract an " event of force majeure "then the Bank may elect either i to postpone its performance until the event of force majeure no longer has such effect or ii terminate the Terms by giving 30 days' notice to the Registered User. The Bank will be responsible for the conversion to INR, and will apply the foreign exchange conversation rates prevailing on the day of conversion, or other rates as per its discretion.
The Registration shall be carried out only when the documents submitted to the Bank are complete in all respects to the satisfaction of the Bank. No Fixed Deposit Receipt is issued in anticipation of realisation of the cheque. Additionally, when the Registered User places a request to icici bank trade and forex services dubai an instruction or a transaction that has been authorised by the Registered User, such cancellation is not guaranteed by the Bank.
The Bank reserves the right to impose service charges on accounts and the services in connection therewith as may be determined by the Bank in its sole discretion including without limitation any charges which may be permitted or suggested pursuant to the rules of any regulatory body or organisation of which the Bank is a member. Fixed icici bank trade and forex services dubai placed with the Bank are non transferable and non negotiable and no right title interest therein or any part thereof can be transferred or secured by the customer to or in favour of any person without the prior written consent of the Bank. Bearer cheques may not be issued without the express written consent of the Bank. Withdrawals against such instruments are permissible only on realisation by the Bank.